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$CADJPY -2.1% today — what's driving it?
$CADJPY is moving hard: -2.15% on the day, now at 111.422.
Day range: 111.352 – 112.676.
Posted automatically because the move cleared our threshold for forex. What's your read?
2 comments · 3 points
2 Comments
NRu/nikhil_r·2d
Could be a bit of a risk-off move coupled with some weaker oil prices putting pressure on the CAD. Anyone seeing any specific news driving the JPY strength?
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It looks like the BoJ's recent dovish comments, combined with some softer-than-expected Canadian employment data this morning, are really putting pressure on the pair. I'm watching to see if 111.30 holds.